Falling stocks push TTSE down Wednesday

The Trinidad and Tobago Stock Exchange ended trading on Wednesday, with the market declining after investors swapped 42 percent more shares than on Tuesday, resulting in declining stocks outnumbering rising ones two to one.
The market closed with seventeen securities trading with four stocks advancing, eight declining and five unchanged.  Trading resulted in 190,298 shares passing through the market valued at $3,240,340 compared to 134,360 shares for $3,706,470 on Tuesday from 12 securities.
The average trade on Wednesday amounted to 11,194 units at $190,608 versus an average of 11,197 stock units for $308,872 for each security.  For the months to date, the average trade amounted to 11,395 units at $147,215 compared to 11,418 shares at $142,394 on Tuesday. In contrast, August closed with an average of 15,631 shares for $367,803.
The T&T Composite Index dropped 4.27 points to 1,320.88. The All T&T Index tumbled 8.69 points to 1,788.79, while the Cross Listed Index gained 0.03 to close at 115.22.
IC bid-offer Indicator│ The Investor’s Choice bid-offer indicator ended with the bids of four stocks higher than its last selling price and two with lower offers.
Stocks rising Clico Investments added 49 cents to finish at $25.59, in trading 50,224 shares, Grace Kennedy closed with gains of 3 cents and ended at $3.25 with 23,100 units crossing the market. Scotiabank picked up 4 cents, exchanging 6,233 stock units to settle at $54.99 and Trinidad Cement ended 4 cents higher at $2.05 in transferring 797 units.
Stocks declining First Citizens Bank slid 11 cents to $46.54with an exchange of 2,010 shares, Guardian Holdings shed 20 cents trading 781 units and closed at $19.20, Massy Holdings finished 45 cents lower at $58.05, after transferring 2,216 stock units. National Flour slipped to $1.80, with a loss of 3 cents trading 1,400 shares, Point Lisas lost 10 cents, exchanging 1,272 units to settle at $3.15, Republic Financial Holdings shed 52 cents to close at $142, with 1,440 units changing hands. Unilever Caribbean was down 3 cents to $16.97, trading 688 stocks and West Indian Tobacco ended at $35.01, with a loss of 99 cents, transferring 7,353 stock units.
Stocks trading firmAnsa McAL traded 2,860 units at $53, First Caribbean International Bank closed at $7.08, with an exchange of 25,859 shares, JMMB Group transferred 37,303 shares at $1.84. Prestige Holdings ended at $3.15, with 667 units changing hands and Trinidad and Tobago NGL exchanged 26,095 shares at $16.16.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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